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have different tax systems. experts point out that some of those systems may have become outdated in the age of the internet. >>> that's it from business. i'll leave you with the market figures. >>> japanese researchers have made a discovery that could help people with a type of cancer that's difficult to treat. they've identified genetic mutations unique to cancer of the bile duct. the researchers studied tissue samples from 66 patients. they found significant mutations in part of a certain gene. about 20,000 people in japan are diagnosed with bile duct cancer every year. the five-year survival rate is just over 20%. he leads the cancer genomics institute in tokyo. >> translator: we hope this discovery will lead to clinical applications as soon as possible. >> researchers say they hope to begin clinical trials by the middle of next year on chemotherapy treatments that zero in on the mutations. >>> japan's emperor and everyone res have received a grand welcome. the imperial couple attended a banquet at the presi
have different tax systems. experts point out that some of those systems may have become outdated in the age of the internet. >>> that's it from business. i'll leave you with the market figures. >>> japanese researchers have made a discovery that could help people with a type of cancer that's difficult to treat. they've identified genetic mutations unique to cancer of the bile duct. the researchers studied tissue samples from 66 patients. they found significant mutations in...
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Dec 5, 2013
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they're hoping to count ernie negative effects the higher tax may bring. it works out to just about $54 billion. cabinet ministers are hoping the measure will help the economy keep expanding and want to support low income earners who might be affected by the tax hike. nearly $14 billion will go to sharpening japan's competitive edge. officials will use the money to promote research and development on new medicines and invest in infrastructure projects for the 2020 tokyo olympics. they've earmarked about $6 billion to people with low incomes and subsidies for home buyers. $3 billion to welfare programs. the ministers also want to speed up recovery for those hit by the march 2011 disaster. it includes $30 billion to improve reconstruction and improve disaster preparedness. it will support evacuees returning to their home near the fukushima daiichi plant. he says his top priority is reviving the economy and rebalancing the budget. >> translator: execution of these measures is needed to put the economy on a solid recovery path. >> the cabinet says the stimulus
they're hoping to count ernie negative effects the higher tax may bring. it works out to just about $54 billion. cabinet ministers are hoping the measure will help the economy keep expanding and want to support low income earners who might be affected by the tax hike. nearly $14 billion will go to sharpening japan's competitive edge. officials will use the money to promote research and development on new medicines and invest in infrastructure projects for the 2020 tokyo olympics. they've...
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Dec 9, 2013
12/13
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many respondents do expect demand to rise ahead of the consumption tax hike but some people are already voicing concern consumption could fall after that. >>> on to the markets now, investors around the world encouraged by chinese trade data. they believe export numbers showed a pickup and the upward momentum is somewhat overshadowed of the fed may scale down its asset buying program. london down, frankfurt a gain of .1 of a percent. in asia, markets advance for the most part. tokyo's nikkei saw a 2.3% gain. that's the biggest daily advance since early september. a weaker yen boosted a wide range of shares today. also news about political happenings helped mumbai and bangkok shares. pro business party will take power next year following recent wins in state polls. the dissolution of thailand's parliament pushed higher there. dollar/yen is trading in a pretty tight range right now about 103.07. before that, though, a focus is on what a fed official will say regarding current conditions of the u.s. economy, as well as on the fed's monetary policy. james bullard is scheduled to speak later
many respondents do expect demand to rise ahead of the consumption tax hike but some people are already voicing concern consumption could fall after that. >>> on to the markets now, investors around the world encouraged by chinese trade data. they believe export numbers showed a pickup and the upward momentum is somewhat overshadowed of the fed may scale down its asset buying program. london down, frankfurt a gain of .1 of a percent. in asia, markets advance for the most part. tokyo's...
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Dec 6, 2013
12/13
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the latest development law gives some very handsome tax relief and subsidies that can go all the way up to 50%, 55% of investment compared to the sector of the area. these are major and smaller changes that render the environment a lot friendlier and welcoming to international investors. >> he says the greek government is planning to develop a port near athens and turn it into a hub for ocean transport between europe and asia. >>> all right, that is going to wrap it up for biz tonight. let's get another check of the markets. >>> u.s. defense officials are preparing to dispatch a ship to help destroy syria's chemical weapons. they say they plan to test their system next month. officials from the organization for the prohibition of chemical weapons and the united nations are overseeing the destruction of the weapons. they intend to dispose more than 1,000 tons of chemical agents by the middle of next year. they plan to transport the most hazardous substances out of the country by the end of this month to destroy them at sea. pentagon officials say two chemical processing units are bein
the latest development law gives some very handsome tax relief and subsidies that can go all the way up to 50%, 55% of investment compared to the sector of the area. these are major and smaller changes that render the environment a lot friendlier and welcoming to international investors. >> he says the greek government is planning to develop a port near athens and turn it into a hub for ocean transport between europe and asia. >>> all right, that is going to wrap it up for biz...
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Dec 2, 2013
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many people are rushing to buy vehicles before a planned consumer tax hike next april. industry groups say more than 457,000 vehicles were sold last month, up 16% year on year. honda's sales surged about 48%. nissan showed a gain of more than 15% and toyota 1.5%. officials of the japan automobile dealers association say sales increased as automakers rolled out new models. they predict that the uptrend is likely to continue for a while. >>> japan's minister for negotiating the transpacific partnership free trade pact has fallen ill. he was driving to seal a deal by year end, but officials say he's likely to stay in hospital for a few days. the economic revitalization minister felt unwell on monday at a crucial juncture for the talks. amari met michael froman on sunday. amari is also in charge of new economic measures. leaders hope to finalize this week. but chief cabinet secretary suga said trade negotiations will stay their course. he said amari will give instructions from hospital. ministers regrouped on saturday for more tpp talks. officials will decide if amari atten
many people are rushing to buy vehicles before a planned consumer tax hike next april. industry groups say more than 457,000 vehicles were sold last month, up 16% year on year. honda's sales surged about 48%. nissan showed a gain of more than 15% and toyota 1.5%. officials of the japan automobile dealers association say sales increased as automakers rolled out new models. they predict that the uptrend is likely to continue for a while. >>> japan's minister for negotiating the...
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Dec 3, 2013
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usa today retailers may face growing government pressure to collect sales taxes. even in states where they have no physical presence. the us supreme court has declined to hear amazon dot coms appeal the company sought to overturn a two thousand and eight new york state law that requires online retailers to collect the sales tax. amaz officials had originally filed the lawsuit in new york they said they shouldn't have to collect the tax because they have no business facilities in the state the officials cited a supreme court ruling that said the state government cannot impose a sales tax on businesses. alas they have a physical presence in that state. amazon lost the case however been filed an appeal the supreme court didn't give reasons for its decision not to rule on the case different states in the us have different tax systems experts point out that some of those systems and become outdated in that each of the internet. indian women are breaking with tradition they're finding jobs in workplaces traditionally dominated by man but challenges remain. even for wome
usa today retailers may face growing government pressure to collect sales taxes. even in states where they have no physical presence. the us supreme court has declined to hear amazon dot coms appeal the company sought to overturn a two thousand and eight new york state law that requires online retailers to collect the sales tax. amaz officials had originally filed the lawsuit in new york they said they shouldn't have to collect the tax because they have no business facilities in the state the...
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Dec 10, 2013
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he is stressing that every country involved in ttp tax should be willing to get into the backline the negotiators have another thorny issue on the table feed on countries including the us on the private firms to gain full access to works and partner nations that some emerging economies are worried about the threat to their domestic markets. your old stuff tonight show car imports from malaysia a. officers have announced a rally in london who said opening bid comes as markets to the us would endanger national interests. the pool all the tools and a lot different from the us and other countries. originally shown in particular project what you want. this stems from fear starts to feel that undercuts the nation's long iranian policy. it grounds preferential treatment to malays who make up nearly seventy per cent of the population. my lazy that the policy to now await the gap between chinese living in the cities and the malays and farming communities fearing that the air with his parents they could feel ill social unrest the government gives malays better opportunities and employment educa
he is stressing that every country involved in ttp tax should be willing to get into the backline the negotiators have another thorny issue on the table feed on countries including the us on the private firms to gain full access to works and partner nations that some emerging economies are worried about the threat to their domestic markets. your old stuff tonight show car imports from malaysia a. officers have announced a rally in london who said opening bid comes as markets to the us would...
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Dec 3, 2013
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hike and keep the economy expanding the government will raise the tax from five to eight percent in april the increase is expected to dampen demand. a job proposal for the stimulus at the side about ten billion dollars to help japanese firms compete internationally. the money will promote the development of innovative drugs and support the expansion of smaller firms overseas the package also includes about three point two billion dollars in cash payments to people whose incomes are below a certain level. and the earmarks about one and a half billion dollars to ease the financial burden for homebuyers. the government will also spend ten billion dollars to accelerate the recovery in the pre schumer and other disaster hit areas. officials plan to finalize the measures in coming weeks. i'll compile an extra budget by mid december to carry out the stimulus now let's get a check on the market. us stocks ended lower on monday after retail sales during the thanksgiving weekend fell from a year earlier the dow jones fell almost half a percent to end at sixteen thousand and eight does he have
hike and keep the economy expanding the government will raise the tax from five to eight percent in april the increase is expected to dampen demand. a job proposal for the stimulus at the side about ten billion dollars to help japanese firms compete internationally. the money will promote the development of innovative drugs and support the expansion of smaller firms overseas the package also includes about three point two billion dollars in cash payments to people whose incomes are below a...
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Dec 10, 2013
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over to his family showed up with the tax. but none of it. i have been so worried. i've been waiting a long time for my baby to be checked another. i don't know what will happen when my tv crews up. so i'd like to stick to you can cut out leaves a childhood spent in uk. she has long been worried about the effects of giving. read on when the moon condemned next six months old. i feel safer. it might be the protector and younger teens. this new device is called the beatles. it measures the internal radiation level of an impact placed inside it. it's the only lady this time whatever the need for clarity. she will be one today marks the highest degree that is less than receiving. the new world. i know all the new city of tokyo. the sixteen back to balochistan. he says the main challenge was to make it as precise as possible. would that be even though the treaty. for children eating the same amount of radioactive season or as compared to the parents among the weighty decision making related to the bowling with much less be open to head to quantify. the theory that the am
over to his family showed up with the tax. but none of it. i have been so worried. i've been waiting a long time for my baby to be checked another. i don't know what will happen when my tv crews up. so i'd like to stick to you can cut out leaves a childhood spent in uk. she has long been worried about the effects of giving. read on when the moon condemned next six months old. i feel safer. it might be the protector and younger teens. this new device is called the beatles. it measures the...
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Dec 6, 2013
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a mother to toes and a tax free gifts how sweet is to track their movements. you know they have found out that two toes when he owns the arabian peninsula. sometimes as far as india. long has it too when they get to see that in addition to that. among the host. have any important missing the beach thoughts any increasing number of baby two tours of being found it in that. this came running into old was expected soon from the sea. the odds are that its housing has leaked out last night. amy state elites ignites for sunline to visit it on the seas save face. when most people are moving to coast. thanks to rising population and growing economy. most of these workers have started asking no coat today and to find that the beach itself so they can be approached to see when yeo drastic cut my knee is on the team. the sa said she sits is disgraceful nose to toes. he and his team mate's to say to saddam babies in just one day. i'm happy i held his baby turtle for bud. these tombs were destined to die when the opportunity to save their lives. i think it's great. is that
a mother to toes and a tax free gifts how sweet is to track their movements. you know they have found out that two toes when he owns the arabian peninsula. sometimes as far as india. long has it too when they get to see that in addition to that. among the host. have any important missing the beach thoughts any increasing number of baby two tours of being found it in that. this came running into old was expected soon from the sea. the odds are that its housing has leaked out last night. amy...
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Dec 3, 2013
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shoot it has made it his focus to destroy the political machine of taxing. this year he quit the democratic party and led protests in greece in the former leader's sister current prime minister you like it was paving the way for the return of vaccine who fled to cuba. i will probably be imprisoned or the diocese said it will never run away like that last talked. he ran away overseas from his prison sentence. are you doing next and she was willing to open every door negotiations with protesters. unless one has been issued for chf on charges of insurrection the protest movement in ukraine that's been growing by the day. hundreds of thousands of people have turned out in anger against the president who backtracked on a key trade deal with the european union in favor of russia. the president the piano coverage is now trying to calm anger. i offered to renew talks in brussels and parliament is meeting to vote on the motion of no confidence in government. that hasn't kept the protesters withstanding freezing temperatures outside to make sure the press and cups. wo
shoot it has made it his focus to destroy the political machine of taxing. this year he quit the democratic party and led protests in greece in the former leader's sister current prime minister you like it was paving the way for the return of vaccine who fled to cuba. i will probably be imprisoned or the diocese said it will never run away like that last talked. he ran away overseas from his prison sentence. are you doing next and she was willing to open every door negotiations with protesters....
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rumored for days they announce that the uncle of leader kim jong hoon has been dismissed chinese song tax served as vice chairman of the national defense commission. analysts widely seen as qantas mentor the knots on the scheme to get it done. local honey take it as he was publicly on and on and on the continent of fun playing it on hubble. who isn't looking like i'm keeping it on the potty. we think it's good enough. north korean state run television broadcasts several photos taken during the meeting in which child was sad the images include one showing him being taken away from the venue. there is korea's ruling workers party newspaper wrote on reported on monday. the party dismissed john from all posts for trying to form his own faction. that said the decision was made at a meeting in pyongyang on sunday attended by kim jong hoon. the north korean leader was reported as saying time was corrected by capitalism and indulge in a depraved lifestyle. for those even added china and undermine the party's authority over judiciary prosecution and security organizations. it said he had done seri
rumored for days they announce that the uncle of leader kim jong hoon has been dismissed chinese song tax served as vice chairman of the national defense commission. analysts widely seen as qantas mentor the knots on the scheme to get it done. local honey take it as he was publicly on and on and on the continent of fun playing it on hubble. who isn't looking like i'm keeping it on the potty. we think it's good enough. north korean state run television broadcasts several photos taken during the...
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they lay on the sales tax. that squelches consumption. what they need to do is become with theironsistent taxation policy and realtor reform instructional reforms in general. >> they are almost passing the buck on to japanese consumers. >> that has always been the issue. we hope that the consumer sort it out. i think they are on the right track. if the consumer is behind the policy is behind the government, you really want to get japan right. you do have some political will and national sense of purpose. it is a question of whether they will stop making the wrong decision. >> we have talked about japan, but there's a lot more to talk about come including china, thailand, and all the rest. stick around. we will talk about that. the, investors welcoming latest election results from india. we are live in mumbai when we returned. ♪ >> we are coming to the start of the trading day in india. we are 23 minutes away from that. results in india state elections. but get more from our correspondent. what do we know so far i guess? they are clearly
they lay on the sales tax. that squelches consumption. what they need to do is become with theironsistent taxation policy and realtor reform instructional reforms in general. >> they are almost passing the buck on to japanese consumers. >> that has always been the issue. we hope that the consumer sort it out. i think they are on the right track. if the consumer is behind the policy is behind the government, you really want to get japan right. you do have some political will and...
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." >>> on the "cbs moneywatch," the days may be numbered for tax-free web shopping. and why you want to check your lottery tickets. wendy gillette has more. >> good morning, anne-marie. the cost of online shopping may be headed up as more states could start collecting sales taxes on internet purchases. this after the supreme court refused to get involved in state efforts to force online retailers to collect sales taxes from their customers. the case involved a lower court ruling in new york. it ruled that websites like amazon and overstock must pay sales tax the same way in-state businesses do. the supreme court decision came on what appears to be the busiest online shopping day of the year, cyber monday. early indications are that online sales yesterday were up 17.5% from last year. mobile devices accounted for nearly a third of all online shopping. >>> stocks in asia finished mostly lower amid key reports in the u.s. hong kong's hang seng's lost 0.5%. tokyo's nikkei gained 0.5% to its highest close in six years thanks to a weekend yen. the dow jones lost 77 points
." >>> on the "cbs moneywatch," the days may be numbered for tax-free web shopping. and why you want to check your lottery tickets. wendy gillette has more. >> good morning, anne-marie. the cost of online shopping may be headed up as more states could start collecting sales taxes on internet purchases. this after the supreme court refused to get involved in state efforts to force online retailers to collect sales taxes from their customers. the case involved a...
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Dec 10, 2013
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large and healthy financial institutions be willing to take on failing institutions when they might be taxed with the result? so, that's one issue of policy that we have to look at carefully. the committee was also concerned about one other thing that, which is really to me, in particular, and to other members of the committee, particularly troubling. and that is, that the, the charges that were placed against jpmorgan came after the chairman of the bank started to take on the government's policy in a number of areas. he was critical, i'm talking here of jamie dimon. he was critical of the, of the dodd-frank act and was critical of many other regulatory policies of the government. and, at the same time, he was in a sense, a spokesman for thing industry but an individual who was the chairman of a large bank then following those criticisms, came all of these charges against jpmorgan chase, which had previously been thought to be one of the healthiest and best-managed banks. so, the worry here is that the lesson that the government is, or the message that the government is sending is that, if y
large and healthy financial institutions be willing to take on failing institutions when they might be taxed with the result? so, that's one issue of policy that we have to look at carefully. the committee was also concerned about one other thing that, which is really to me, in particular, and to other members of the committee, particularly troubling. and that is, that the, the charges that were placed against jpmorgan came after the chairman of the bank started to take on the government's...
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Dec 8, 2013
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is a consumption tax. it has been given. >> very big right now in terms of what these reforms are going to be. >> that is the question. you can see abenomics continue in rallying the troops. not everybody thinks the momentum is continuing. >> they used to advise. george soros and here he is. may be the fiscal conditions become sound. our life will be terrible. there is no exit. that is borrowing words again. he wants to end deflation. it is extreme. we were told deflation. >> how viable is that? anit is going to have to see extension. if you talk about the wages, it is probably the most important component they need to get on board. it is going to be really hard convincing the rest of the corporations that they should consider the projections. there's a economics theory of what inflation will produce. deflation is ending. biggest rise in winter bonuses. that is a big boost. these will start flowing to japanese consumers who absolutely are dependent. >> they're trying to wire this before the tax comes in. >
is a consumption tax. it has been given. >> very big right now in terms of what these reforms are going to be. >> that is the question. you can see abenomics continue in rallying the troops. not everybody thinks the momentum is continuing. >> they used to advise. george soros and here he is. may be the fiscal conditions become sound. our life will be terrible. there is no exit. that is borrowing words again. he wants to end deflation. it is extreme. we were told deflation....
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Dec 4, 2013
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you can get tax-free money from the equity in your home. you can use the money to pay off your current mortgage if you have one. the remaining money can be used for anything. there's no monthly mortgage payments. and you still own your home! call today to get your free guide and dvd. it explains how a government-insured reverse mortgage works. there's no obligation. one reverse mortgage is a quicken loans company. their licensed experts can answer all your questions. call to find out what a great solution this can be. don't wait, call now! >>> this sad note four days after this fiery crash killed actor paul walker, the police coroner's report has confirmed the death was an accident. actor, known best for roles in "fast and furious" franchise, died from a combination of traumatic injuries and burns. universal studios, which is part of nbc universal, the production company behind the fast and furious movies just announced they are shutting down production for now on the seventh movie of the series out of respect for walker's family and the fi
you can get tax-free money from the equity in your home. you can use the money to pay off your current mortgage if you have one. the remaining money can be used for anything. there's no monthly mortgage payments. and you still own your home! call today to get your free guide and dvd. it explains how a government-insured reverse mortgage works. there's no obligation. one reverse mortgage is a quicken loans company. their licensed experts can answer all your questions. call to find out what a...
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Dec 5, 2013
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CNBC
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federal state and local taxes. so as these credits become stressed and distressed, and these situations emerge, firms like ours, other firms, become interested in the relative value of these bonds. so it's in these times and others, frankly, that we welcome a liquidity, the increased liquidity and the increased participation of professional investors who have a sense of how to navigate these waters. >> briefly, lawrence, is puerto rico too big to fail? >> i wish it were that simple. puerto rico has an enormous number of issues to confront. and frankly, dwarfs detroit by comparison in size. you're looking at $70 billion worth of issuance that is eye bi ubiquitously held. puerto rico is a complex problem, dwarfing detroit by size and magnitude. >> lawrence, thank you for joining us this morning. >> i appreciate it. >> we'll take a short break. still to come, it is a case of unhappy meals. can the protests make a u.s. minimum wage more or less likely? [ male announcer ] how can power consumption in china, impact wool
federal state and local taxes. so as these credits become stressed and distressed, and these situations emerge, firms like ours, other firms, become interested in the relative value of these bonds. so it's in these times and others, frankly, that we welcome a liquidity, the increased liquidity and the increased participation of professional investors who have a sense of how to navigate these waters. >> briefly, lawrence, is puerto rico too big to fail? >> i wish it were that simple....
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Dec 9, 2013
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you've got to have a competitive tax cut. he got to do something about debt, something about education is all about problem-solving. no labels think that the sweet spot of i think with the american people are and what it will be in the next couple of election cycles will therefore be a place where most elected officials are going to want to be. not because it's the right thing politically but because it's the right thing for this country. >> senator bayh, you served in the senate for over a decade. how did things change while you were serving? how useful would a group like no labels have been either early in your career or at the end of your career in the senate? >> that's a good question. the senate has changed dramatically in the last 14 or 15 years and it's just a completely different universe since my father's time. one story about that and then i will answer questions or it was 1968 my father was running for his first with the -- reelection. the republican leader who at the time was in illinois a man named edward dirksen
you've got to have a competitive tax cut. he got to do something about debt, something about education is all about problem-solving. no labels think that the sweet spot of i think with the american people are and what it will be in the next couple of election cycles will therefore be a place where most elected officials are going to want to be. not because it's the right thing politically but because it's the right thing for this country. >> senator bayh, you served in the senate for over...
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Dec 9, 2013
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how corporate tax can allow companies to stay competitive in the global market. at the beginning of next year, the cabinet will approve the latest policies on the growth strategy. we will announce the timing of the execution and minister assigned to support these policies. >> right. up, we take- coming a look at thailand. the prime ministers calling for early elections and to resolving solomon. details coming up next. ♪ >> heading back to our top .tories these are live images coming to us from outside the government house in bangkok. again.o hear from you this is a change of tactics by yingluck. elections have not been won by the democrats since 1982. go ahead. well, obviously we're having some difficulty there. we will try to get to him for you. let's have a bit more of these images that are coming through from bangkok. there are protests from the opposition and anti-government protesters there. is a dissolution of the element. -- parliament. resigned. we could quickly look at what is going on i we will try to reestablish links with our correspondent. down.ang
how corporate tax can allow companies to stay competitive in the global market. at the beginning of next year, the cabinet will approve the latest policies on the growth strategy. we will announce the timing of the execution and minister assigned to support these policies. >> right. up, we take- coming a look at thailand. the prime ministers calling for early elections and to resolving solomon. details coming up next. ♪ >> heading back to our top .tories these are live images...
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Dec 3, 2013
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your last year's tax return. if you didn't have one, information about payroll, pay stubs, et cetera. >> and gather all this information before you go to healthcare.gov. >> yes. because you're going to need it to complete the application. the other wonderful piece of news that came out yesterday that no one seemed to notice is that for the very first time healthcare.gov has a shopping function, a browsing function. something it should have had from day one but it's now there and working. when you go on the home page, there's a little -- >> the little -- >> the little medallion on left, click on that, and you can enter some very simple information about yourself and see all of the plans available to you. >> without putting financial data, stuff in you may not want to. >> no financial data. it won't calculate whether or not you have a subsidy coming to you, but it will show you the plans available to you in your area with the premium for a person your age. you can even looking at the provider networks and drug list
your last year's tax return. if you didn't have one, information about payroll, pay stubs, et cetera. >> and gather all this information before you go to healthcare.gov. >> yes. because you're going to need it to complete the application. the other wonderful piece of news that came out yesterday that no one seemed to notice is that for the very first time healthcare.gov has a shopping function, a browsing function. something it should have had from day one but it's now there and...
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. >> david cameron announcing today that he's not going to cut taxes for the middle classes. how much room, wiggle room is there going to be for the government, peter? much depends on what you think the economy is going to do this year and next ahead of the election. >> yeah. i think the likelihood is that the economy will continue to grow at a 2% to 2.5% late next year. that's decent, but it's not stellar. given all they have said about reducing the deficit over the next few years, it leaves room for cutting taxes. i think what the uk needs is a rebalancing towards investment and exports. the government realizes this and i think as a consequence it's unlikely to do things to throw additional fuel on the fire of consumption. >> do you think the government is doing enough? are you expecting any measures, say, on planning tomorrow from the troika? would that have helped? we had construction pmis this week very strong, rising like a phoenix out of the ashes. but many suppliers saying the supply side of that market is still very, very underperforming. >> yeah. i mean, when it com
. >> david cameron announcing today that he's not going to cut taxes for the middle classes. how much room, wiggle room is there going to be for the government, peter? much depends on what you think the economy is going to do this year and next ahead of the election. >> yeah. i think the likelihood is that the economy will continue to grow at a 2% to 2.5% late next year. that's decent, but it's not stellar. given all they have said about reducing the deficit over the next few years,...
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had he to raise taxes in order to cut the $11 billion deficit. raising taxes is not something that's designed to make you very popular as well as cutting government spending. i spoke with the finance minister and he's pretty b buoyant. the public outcry on that, people are pretty pleased. i did ask him, is this just kicking the can down the road. take a listen. >> we have to reduce government expenses in a way that will not hurt all the services we want to give to the government. the fight for efficiency in all the governments around the world is a hard fight. we know now things we didn't know before about how to do it because we've been doing it for quite a while. this is why things are better now. i think we're going to have a new fiscal rule which will allow us to reduce government expenses in a way that will allow us not to raise taxes. >>ing where do you see that in order not to raise taxes in 2014, 2015. >> i can tell you we're not going to hurt the budgets of education because we are an education modulated government and of course health a
had he to raise taxes in order to cut the $11 billion deficit. raising taxes is not something that's designed to make you very popular as well as cutting government spending. i spoke with the finance minister and he's pretty b buoyant. the public outcry on that, people are pretty pleased. i did ask him, is this just kicking the can down the road. take a listen. >> we have to reduce government expenses in a way that will not hurt all the services we want to give to the government. the...
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states reportedly lose $23 billion a year in uncollected sales taxes from online retailers. >>> u.s. manufacturing grew last month at the fastest pace since april of 2011. that is according to the ism index. manufacturing rose in november to 57.3. that is up from 56.4. that is the reading for october. and highest reading in 2 1/2 years just clocked in. >>> dow chemical is weighing options to sell most of its chlorine operations its oldest business as part after plan to sell assets worth 3 to $4 billion. dow is moving away from chemical production, to focus on electronics, packaging and agriculture. that is the latest from "fox biz." adam: bill ackman may be disengaging from the media but is he actually going away? charlie gasparino joins us looking like spock from the alternate universe in that episode from "star trek" with the pointy ears. what is with the beard real quick? >> i just didn't feel like shaving for couple days. i looked in the mirror, doesn't look that bad. i tried it a few times. and, i'm seeing what happens. lori: new mirror. adam: there you go. you're speechless. wh
states reportedly lose $23 billion a year in uncollected sales taxes from online retailers. >>> u.s. manufacturing grew last month at the fastest pace since april of 2011. that is according to the ism index. manufacturing rose in november to 57.3. that is up from 56.4. that is the reading for october. and highest reading in 2 1/2 years just clocked in. >>> dow chemical is weighing options to sell most of its chlorine operations its oldest business as part after plan to sell...
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you start to erase the debt and come out with a clean slate is you are going to be able to a take the tax revenue that comes into the city of detroit and put it back into the services like police, the police department like the fire department and making sure the fire rigs are working when they are called out to a fire and picking up trash and making sure the lighting grid is up and running and working streetlights in the neighborhoods in the city of detroit, so what that is going to do, when you bring down the debt and you bring it, you erase it and you start with that clean slate you will be able to infuse money back into the city of detroit, back into the services and really make detroit a better place to live and that is the bottom line in in story. >> a big day, in the life of your city, detroit. christy mcdonald, we thank you very much. >> thanks, judy. >> >> woodruff: again, the other major developments of the day. president obama touted the benefits of the affordable care act in a bid to shift the focus from problems with healthcare.gov and policy cancellations. vice president bid
you start to erase the debt and come out with a clean slate is you are going to be able to a take the tax revenue that comes into the city of detroit and put it back into the services like police, the police department like the fire department and making sure the fire rigs are working when they are called out to a fire and picking up trash and making sure the lighting grid is up and running and working streetlights in the neighborhoods in the city of detroit, so what that is going to do, when...
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those taxes hold. now will the rest of the states start to decide, you know, we're emboldened, we're going to try to go after more of the taxes. >> the law has been store on this. it started with sport books, betting online. they went back to the 1960s communication acts to find wiretapping and stuff, ways to get their hand on it. this has been happening to are a while, as the internet is creating commerce, government wants a slice. >> right. it's a big slice. it is a really big slice. brick and mortar and online retailers are merging. look at something like amazon, they have 34 mufulfillment cents across the country. i think what it could mean for new york and it has been, some of the big online retailers are going to make sure they're not creating jobs in new york. they want to continue to argue we don't have a physical presence in new york. >> i live here, if i'm buying fishing equipment in tennessee and shipping it to someone else, it's all of these cross state laws. >> everyone says it's messy, ma
those taxes hold. now will the rest of the states start to decide, you know, we're emboldened, we're going to try to go after more of the taxes. >> the law has been store on this. it started with sport books, betting online. they went back to the 1960s communication acts to find wiretapping and stuff, ways to get their hand on it. this has been happening to are a while, as the internet is creating commerce, government wants a slice. >> right. it's a big slice. it is a really big...
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the abe government unveiled the $54 billion stimulus package that's aimed at offsetting the sales tax in april. and the shanghai composite pulled further ahead. meanwhile, the hang seng index added 0.1%. elsewhere, south korea and australia both ended just a tad lower. as for individual stocks, chinese property stocks came under some pressure after the official china securities journal reported beijing may remove caps on property prices next year, replacing them with supply side indicators and concerns still linger over a potential property tax system. now for some outperformers, let's take a look at the region's apple suppliers, seeing a strong boost from hopes that china mobile may reach a deal with apple to offer iphones. some phone displaymakers, cameramakers and case suppliers rebounded some 5% in today's trade. back to you, karen. >> sixuan, thank you very much update. charles has been telling us about this u.s. cash flood that you're expecting. are you saying buy u.s. assets, buy u.s. equities in 20 s14? >> things probably weaken at the moment because a lot of guys made a lot o
the abe government unveiled the $54 billion stimulus package that's aimed at offsetting the sales tax in april. and the shanghai composite pulled further ahead. meanwhile, the hang seng index added 0.1%. elsewhere, south korea and australia both ended just a tad lower. as for individual stocks, chinese property stocks came under some pressure after the official china securities journal reported beijing may remove caps on property prices next year, replacing them with supply side indicators and...
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. >>> there's a new tax by thailand's government to diffusion tensions in bangkok. allowing protesters inside, tear gas and rubber bullets have given away to calmer demonstrations. the protest leader says the fight will continue. meanwhile, consumer confidence has been hit dropping to a two-year low because of the unrest. the national transportation safety board says the new york commuter train that derails sunday was traveling at 82 miles per hour when it entered a curve where the speed limit was just 30 miles per hour. four people were killed and more than 60 injured. the ntsb says the train's brakes were working properly but were applied just seconds before the crash. >>> and pointing and clicking is becoming the preferred way to shop. adobe says u.s. cyber monday sales topped $2 billion for the first time, up 16% to 2.9 billion. adobe tracks visits to 2,000 websites. a record 18% came from mobile devices. other trackers report even higher numbers. ibm dish analytics, sales rose and amazon sales were up 44% as of 6:00 p.m. eastern and ebay's were up 32%. gloo glo
. >>> there's a new tax by thailand's government to diffusion tensions in bangkok. allowing protesters inside, tear gas and rubber bullets have given away to calmer demonstrations. the protest leader says the fight will continue. meanwhile, consumer confidence has been hit dropping to a two-year low because of the unrest. the national transportation safety board says the new york commuter train that derails sunday was traveling at 82 miles per hour when it entered a curve where the...
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that's the amount of tax dollars spent supplementing the wages of bank bank tellers. a third of bank-tellers had to rely on assistance. >> last year tellers had a median salary of $24,100. that's about $11.39 an hour. >> welcome back to al jazeera america. >>> the obama administration is looking to undo the damage to the affordable care act's image done by the problems, of course, with the problem plagued website. in a moment we'll look at what the president needs to do during his campaign to accomplish that. >> first let's look at the temperatures across the nation. metrologist nicole mitchell is here. >> we have a contrast once we get to the southern plains today - going to the 20s or 30s. houston is at 71. this is where it's really gotten brutal. single-digit temperatures. adding in the wind. feels like 30 below. this is going to be a spreading sign over the weekend. the wind chills that are really brutal out there. the cold air will settle and over the next couple of days the warmer spots in the south - innocently it while you have it. although not the negatives.
that's the amount of tax dollars spent supplementing the wages of bank bank tellers. a third of bank-tellers had to rely on assistance. >> last year tellers had a median salary of $24,100. that's about $11.39 an hour. >> welcome back to al jazeera america. >>> the obama administration is looking to undo the damage to the affordable care act's image done by the problems, of course, with the problem plagued website. in a moment we'll look at what the president needs to do...